Pennon Group to acquire Bristol Water from iCON Infrastructure and ITOCHU for £814m.

Pennon Group, a UK-focused water infrastructure group, agreed to acquire Bristol Water, a water supply company, from iCON Infrastructure, an investment group, and ITOCHU, a Japanese corporation based in Umeda, for £814m ($1.1bn). "Bristol Water brings great people and a great business to Pennon and I am hugely excited about building a future together," Susan Davy, Pennon CEO.